SIBSEO: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
SIBSEO
Largest movements
- Cash +€2,750
up €2,750 (+14.0%), from €19,616 to €22,366
mainly Tax, wage and social debts (+€8,123) and Other debts (+€7,878)
- Profit (loss) carried forward -€15,707
down €15,707 (-5,389%), from -€291 to -€15,998
- Tax, wage and social debts +€8,123
up €8,123 (+102%), from €7,988 to €16,111
of which Remuneration and social security: +€9,443
- Other debts +€7,878
up €7,878 (+24.8%), from €31,747 to €39,625
- Trade debts +€2,381
up €2,381 (+290%), from €822 to €3,203
- Gross operating margin +€12,702
up €12,702 (+47.1%), from €26,969 to €39,671
- Staff costs +€6,495
up €6,495 (+13.5%), from €48,080 to €54,575
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €52,666 | €55,341 | +€2,675 | +5.1% |
| Fixed assets | 21/28 | €790 | €790 | = | 0.0% |
| Financial fixed assets | 28 | €790 | €790 | = | 0.0% |
| Current assets | 29/58 | €51,876 | €54,551 | +€2,675 | +5.2% |
| Amounts receivable within one year | 40/41 | €31,863 | €32,185 | +€322 | +1.0% |
| Trade receivables | 40 | €23,803 | €29,920 | +€6,117 | +25.7% |
| Other amounts receivable | 41 | €8,060 | €2,265 | -€5,795 | -71.9% |
| Cash at bank and in hand | 54/58 | €19,616 | €22,366 | +€2,750 | +14.0% |
| Deferred charges and accrued income | 490/1 | €396 | - | -€396 | |
| Total equity and liabilities | 10/49 | €52,666 | €55,341 | +€2,675 | +5.1% |
| Equity | 10/15 | €12,109 | -€3,598 | -€15,707 | |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€291 | -€15,998 | -€15,707 | -5,389% |
| Amounts payable | 17/49 | €40,557 | €58,939 | +€18,382 | +45.3% |
| Amounts payable within one year | 42/48 | €40,557 | €58,939 | +€18,382 | +45.3% |
| Trade debts | 44 | €822 | €3,203 | +€2,381 | +290% |
| Suppliers | 440/4 | €822 | €3,203 | +€2,381 | +290% |
| Taxes, remuneration and social security | 45 | €7,988 | €16,111 | +€8,123 | +102% |
| Taxes | 450/3 | €1,320 | €0 | -€1,320 | -100% |
| Remuneration and social security | 454/9 | €6,668 | €16,111 | +€9,443 | +142% |
| Other amounts payable | 47/48 | €31,747 | €39,625 | +€7,878 | +24.8% |
| Remuneration, social security and pensions | 62 | €48,080 | €54,575 | +€6,495 | +13.5% |
| Other operating charges | 640/8 | €578 | €647 | +€69 | +11.9% |
| Gross operating margin | 9900 | €26,969 | €39,671 | +€12,702 | +47.1% |
| Operating profit (loss) | 9901 | -€21,689 | -€15,551 | +€6,138 | +28.3% |
| Financial charges | 65/66B | €55 | €156 | +€101 | +184% |
| Recurring financial charges | 65 | €55 | €156 | +€101 | +184% |
| Profit (loss) for the period before taxes | 9903 | -€21,744 | -€15,707 | +€6,037 | +27.8% |
| Profit (loss) for the period | 9904 | -€21,744 | -€15,707 | +€6,037 | +27.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€21,744 | -€15,707 | +€6,037 | +27.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.